Api Short Correlations

APIBX Fund

USD 4.18 0.01 0.24%

The current 90-days correlation between Api Short Term and Api Growth Fund is -0.03 (i.e., Good diversification). The correlation of Api Short is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Api Short Correlation With Market

Average diversification

The correlation between Api Short Term and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Short Term and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Api Short Term. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Api Mutual Fund

0.78	APGRX	Api Growth Fund	Pair Corr
0.76	APIUX	Api Multi Asset	Pair Corr
0.78	APITX	Api Growth Fund	Pair Corr
0.94	APIMX	Api Short Term	Pair Corr
0.95	APIIX	Api Multi Asset	Pair Corr
0.79	YOVLX	Yorktown Small Cap	Pair Corr
0.79	YOVAX	Yorktown Small Cap	Pair Corr
0.98	AFFIX	Api Multi Asset	Pair Corr
0.95	AFFCX	Api Multi Asset	Pair Corr
0.79	AFGGX	Api Growth Fund	Pair Corr
0.95	AFMMX	Api Short Term	Pair Corr
0.69	VBIRX	Vanguard Short Term	Pair Corr
0.65	VFSUX	Vanguard Short Term	Pair Corr
0.68	VFSIX	Vanguard Short Term	Pair Corr
0.74	VFSTX	Vanguard Short Term	Pair Corr
0.72	VBITX	Vanguard Short Term	Pair Corr
0.68	VBISX	Vanguard Short Term	Pair Corr
0.71	LALDX	Lord Abbett Short	Pair Corr
0.67	VSCSX	Vanguard Short Term	Pair Corr
0.76	LDLAX	Lord Abbett Short	Pair Corr
0.75	LDLRX	Lord Abbett Short	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.86	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.61	VTISX	Vanguard Total Inter	Pair Corr
0.61	VTSNX	Vanguard Total Inter	Pair Corr
0.61	VTPSX	Vanguard Total Inter	Pair Corr
0.86	VINIX	Vanguard Institutional	Pair Corr
0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.8	EDD	Morgan Stanley Emerging	Pair Corr
0.65	AMAGX	Amana Growth	Pair Corr
0.87	WGAFX	Wealthbuilder Growth	Pair Corr
0.9	FWBCX	American Funds Capital	Pair Corr
0.83	ICSAX	Vy Umbia Small	Pair Corr
0.92	CARYX	Columbia Adaptive Risk	Pair Corr

Related Correlations Analysis

	APGRX	APIBX	APIUX	APITX	APIMX	APIIX	YOVIX	YOVLX	YOVAX	AFFIX
APGRX		0.78	0.58	1.0	0.78	0.84	0.7	1.0	0.99	0.81	APGRX
APIBX	0.78		0.76	0.78	0.94	0.95	0.57	0.79	0.79	0.98	APIBX
APIUX	0.58	0.76		0.57	0.65	0.72	0.81	0.6	0.6	0.77	APIUX
APITX	1.0	0.78	0.57		0.78	0.83	0.7	0.99	0.99	0.81	APITX
APIMX	0.78	0.94	0.65	0.78		0.97	0.51	0.79	0.79	0.94	APIMX
APIIX	0.84	0.95	0.72	0.83	0.97		0.57	0.84	0.84	0.97	APIIX
YOVIX	0.7	0.57	0.81	0.7	0.51	0.57		0.72	0.72	0.6	YOVIX
YOVLX	1.0	0.79	0.6	0.99	0.79	0.84	0.72		1.0	0.82	YOVLX
YOVAX	0.99	0.79	0.6	0.99	0.79	0.84	0.72	1.0		0.82	YOVAX
AFFIX	0.81	0.98	0.77	0.81	0.94	0.97	0.6	0.82	0.82		AFFIX
	APGRX	APIBX	APIUX	APITX	APIMX	APIIX	YOVIX	YOVLX	YOVAX	AFFIX

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Risk-Adjusted Indicators

There is a big difference between Api Mutual Fund performing well and Api Short Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Api Short's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APGRX	0.82	0.28	0.13	(1.37)	0.64	(0.99)	2.34	(1.36)	5.51
APIBX	0.11	0.01	(0.45)	0.51	0.00	(0.24)	0.24	(0.24)	0.49
APIUX	0.14	0.03	(0.53)	2.82	0.00	(0.19)	0.35	(0.24)	0.83
APITX	0.83	0.28	0.13	(1.34)	0.64	(1.04)	2.31	(1.42)	5.50
APIMX	0.13	0.02	(0.42)	(2.02)	0.00	(0.28)	0.26	(0.26)	0.79
APIIX	0.16	0.04	(0.45)	(1.94)	0.00	(0.21)	0.34	(0.22)	1.13
YOVIX	0.79	0.35	0.28	(6.61)	0.10	(1.06)	2.11	(0.92)	5.03
YOVLX	0.83	0.30	0.14	(1.77)	0.63	(1.02)	2.11	(1.79)	4.98
YOVAX	0.84	0.30	0.15	(1.78)	0.63	(1.00)	2.09	(1.74)	5.01
AFFIX	0.14	0.01	(0.50)	0.37	0.00	(0.19)	0.26	(0.26)	0.77

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Api Short Correlations

Api Short Correlation With Market

Average diversification

Moving together with Api Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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